https://asia.nikkei.com/Economy/Ban...r-higher-interest-rates-with-provisions-boost
BOJ braces for higher interest rates with provisions boost
The Bank of Japan has set aside the maximum provisions for losses on bond transactions, in a sign of how the central bank is preparing for rising interest rates. For fiscal 2024, the BOJ raised the level of provisions to 100% for the first time...
Nothing says "new" bull market like attempting to max out provisions for losses? Sounds more like a "new" incoming bear market? I guess retail that drank the Kool-Aid and believed the carry trade was unwound in 2 days some months ago will soon get a very painful lesson?.
P.S. I did try to find something bullish this morning but no chance. Still as bulls say, when everyone is bearish because the world is imploding around us and we are about to see a major crash and recession that's the time to go all in and climb the wall of worry right?
XJO - Bear Posts only (Factors which might cause the markets to fall), page-22719
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Last
8,541.1 |
Change
-9.700(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,551.1 | 8,605.7 | 8,534.3 |
| XJO (ASX) Chart |